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Got a quick question: How do I qualify for a reverse Lending Tree mortgage? Looking forward for any comment. Second question.. I have seen some questions about the Fleet secured Visa card in the previous postings. Just wanted to shed some light on this – and also ask a question.. |
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That's a good question. I'm not sure what is the answer to your question. I'll do some investigation and get back to you if I got an anything. You should email the people at Lending Tree as they probably could give you help..
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Thanks Luke. Has that done anything good to your reports and/or score?.
Still making friends with the Fleet reps re: their card..... |
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8 pm EST. The balance is 6-4 in favor of "reported as secured". However, the 6 were real quick to say "secured." The 4 who said otherwise actually took their time, put me on hold, checked and came back with "reported as regular." I guess I will keep at it for a while..
Incidentally, if this is of no interest (except perhaps from a sociological standpoint), please tell me so, and I will shut up... |
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I have no idea what it does for my score. I got it back when I didn't have access to my fico. It is a positive tradeline so I won't be disputing it away. Sorry I don't have more info for you. It's amazing that you cant get a definitive answer from Fleet..
Luke.. |
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Just to finish off the Fleet saga: I called Fleet and asked to be transferred to their credit department. Their definitive answer is that the card is indeed reported as secured. As for my survey of Fleet reps and their knowledge of this subject, the final balance was 11-5 in favor of "reported as secured"..
On a related note, up until half an hour ago I was unaware of the fact that a more or less. Comprehensive report. Existed. On secured cards. , their terms, and. How they report. To the CRAs. Some of the info may or may not be outdated, but it's definitely better than anything else I've found. If this is not news to anyone but me, I apologize. :). Http://www.cardweb.com/cardtrak/repo...ed/issue32.pdf.. |
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Thanks so much!!!! printed it... agion going through it slowly!!!.
May open a $10,000-$15,000 card with american online bank.. they report as unsecured.... Just thinking if I should make it a business account or a personal...... |
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Again, please keep in mind this report was written circa 2001 (judging by the footer), and thus some info may be outdated..
As for American Online (Pacific) Bank, I just applied for their secured card, got approved (duh), and should receive it "in 11 banking days". After it's reported to the CRAs and there's been some activity on it, I will post a review... |
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Nightlifer,.
Did you apply for the regular secured or the no income secured?. I read you have to send a paystub to them to get a regular secured... |
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Regular. I enclosed the paystub (didn't see any harm in that, EFX and EXP both have my current employer - should I not have done that?).
Sent everything out this past Tuesday with a US Postal Money Order and CRRR. Haven't got my green card back yet, but called them on Friday after CreditWatch alerted me to a new inquiry. They said the account was approved and I should receive the card in 11 banking days. They also said that the card will start reporting 30 days after the account is approved... |
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What would be gained by opening a business account with them??.
If it's not reported to the CRA's... what would be the benefit??.. |
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E-mail conversation from Bottom up. :-).
We pull one report from equifax and that is it. We do not report our. Business accounts. We do not do business with D&B.. Original Message. From: Izzy. Sent: Friday, February 14, 2003 11:21 AM. To: Jenny Schroeder. Subject: RE: question regarding secured cards. All three breaus?? or only one or two??. Which???. Wow, thanks for the quick response!!. Do you report business accounts to D&B?. Izzy. Jenny Schroeder <) ,. > or. > must you do a "hard" inquiry??. >. > Thanks!. >.. |
